Based on past United States Durable Goods Orders MoM news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen because the released value is > 1%. A price movement of 46 pips is expected.
Historical events that allowed us to draw this conclusion
26 May 12:30 |
26 Jan 13:30 |
23 Nov 13:30 |
27 Sep 12:30 |
27 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
